Parmalat Completes Acquisition of Kraft Heinz’ Natural-Cheese Division

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TORONTO — Parmalat Canada Inc. has closed a deal to acquire the natural-cheese division of Kraft Heinz Canada in a deal valued at $1.62 billion.

The acquisition — which was originally announced in November 2018 — includes the Cracker Barrel, P’tit Québec and aMOOza! brands in Canada. As part of the transaction, Parmalat Canada also acquired Kraft Heinz’s production facility located in Ingleside, Ont., relevant milk quotas and approximately 400 employees from the Ingleside facility.

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